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Bracewell LLP

711 LOUISIANA STREET, STE 2300, HOUSTON, TX 77002, USA
Tel:
Work +1 713 223 2300
Fax:
Fax +1 800 404 3970
Email:
Web:
www.bracewell.com

Stephen Crain

Tel:
Work +1.713.221.1305
Email:
Web:
www.bracewell.com/people/stephen-b-crain
Bracewell LLP

Work Department

Litigation

Position

Stephen Crain focuses predominantly on matters arising in the energy industry (including representing power developers and producers, power traders, and suppliers to the energy industry), disputes involving alleged violations of securities laws (including representing public companies, officers and directors, and special committees), and large-scale construction disputes.

Career

He is the firm-wide Chair of the Litigation Group and serves on the firm's Management Committee.

Education

J.D., The University of Texas School of Law, 1990; A.B., Duke University, 1987.


United States: Dispute resolution

General commercial disputes

Within: General commercial disputes

Bracewell LLP is notable for its prowess in energy-sector litigation, though its commercial dispute capabilities extend to various industries. 2017 was another steady year for the practice; highlights among its substantial case list include its representation of BMC Software in a case against IBM concerning highly sophisticated software products; Sean Gorman and Christopher Dodson are leading the case, which is ongoing. In an illustration of the firm’s strength and reputation in Texas, Gorman was retained by the City of Houston in a breach of contract and fraudulent inducement case against Genuine Parts Company. Andrew Zeve is also recommended. Stephen Crain is the firm’s litigation chair. All named attorneys are based in Houston.

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Securities litigation: defense

Within: Securities litigation: defense

Stephen Benesh at Bracewell LLP in Austin has ‘exceptional foresight, a focus on the details and a strong strategic view’. He represented Bank of New York Mellon Trust Company and Sandridge Mississippian Trusts in a securities class action alleging misrepresentation of the productive capacity of oil and gas fields. Stephen Crain and Bradley Benoit in Houston acted for Pier 1 Imports in a securities fraud class action filed in Texas and saw all claims dismissed.

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United States: Industry focus

Energy litigation: conventional power

Within: Energy litigation: conventional power

Bracewell LLP’s ‘very good’ practice is well versed in commercial disputes in the conventional power arena and handles a steady flow of FERC proceedings for a broad client roster, including Hydro One, Powerex and GDF SUEZ Energy North America (ENGIE). Houston-based Bryan Dumesnil and Bradley Benoit are defending Southern Copper and its directors against damages claims brought by a putative class of shareholders; the case is related to the ownership transfer of a subsidiary with two power plants, the execution of a power purchase agreement and the restructuring of a line credit for the power plants‘ construction. In other work, David Perlman represented Shell Energy North America in a FERC settlement regarding refunds for short-term energy sales during the 2000-2001 California energy crisis and Jeffrey Holmstead acted for member-owned electric cooperative Tri-State in a contentious proceeding challenging two EPA rules that would have prevented the construction of two coal-fired plants. Stephen Crain heads the team, which recently welcomed David Super from Baker Botts L.L.P. and Paul Wight from Skadden, Arps, Slate, Meagher & Flom LLP.

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Energy litigation: oil and gas

Within: Energy litigation: oil and gas

Praised for its ‘wide-array of experience on energy litigation matters’ and its ‘willingness to jump quickly on questions’, Bracewell LLP advises clients across the oil and gas spectrum, including exploration and production companies, suppliers, pipeline and gathering companies as well as investors. Bradley Benoit is defending HPS Investment Partners and Kingfisher Midstream against claims of tortious inference, civil conspiracy and unjust enrichment brought by Mustang Gas Products, while Sean Gorman is representing Manti Equity Partners in an arbitration related to reserved interest payment obligations. The department is led by Stephen Crain; other names to note are Andrew Zeve, who is ‘one of the smartest and most practical litigators’, and Christopher Dodson who ‘has a wide array of experience’. David Super arrived from Baker Botts L.L.P..

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